KUALA LUMPUR, July 14 — Westports Holdings Bhd could potentially replace Sime Darby Bhd in the upcoming FTSE Bursa Malaysia KLCI (FBM KLCI) review, as its market capitalisation (market cap) ranking has risen to 24th among eligible securities, surpassing the eligibility threshold of the 25th-largest market cap.
The next FBM KLCI review announcement is scheduled for Dec 4, 2025 and will be based on closing share prices as of Nov 24, 2025. Any changes to the index constituents will take effect on Dec 22, 2025.
CIMB Securities noted that based on closing market data as of July, 10, 2025, Westports has risen to 24th position in market cap among eligible Main Market securities.
“The company could potentially be added to the KLCI in the next review, provided it retains a ranking of 25th or higher among eligible securities as of Nov 24, the cut-off date.
“Currently, the market cap gap between Westports and Nestlé Malaysia (the 26th-ranked eligible security ) stands at 6.3 per cent. If Westports is added, we believe Sime Darby, which currently has the lowest market cap among existing KLCI constituents, could be removed to make room,” it said in a research note today.
In addition to meeting the market cap requirement, CIMB Securities noted that securities must have a free float of at least 15 per cent and pass a liquidity screening test to qualify for inclusion in the KLCI.
Port operator MMC Port Holdings Bhd has reportedly moved closer to what could be Malaysia’s largest initial public offering (IPO) in 13 years, following the submission of a draft prospectus to the Securities Commission, as published on the regulator’s website.
According to the FTSE Bursa Malaysia Index Series Ground Rules, a newly listed company may qualify for inclusion in the KLCI if its full market cap is at least two per cent of the total market cap of the FBM Emas Index, based on the closing price on its first trading day.
“If this condition is met, the stock will be added to the KLCI at the close of its fifth trading day. As of Jul 10 2025, the FBM Emas Index market cap stands at RM1,626.6 billion, implying that an IPO with a market cap of at least RM32.53 billion would meet the fast-entry threshold,” said CIMB Securities.
It added that potential changes in the KLCI could spur increased interest in stocks likely to be included, driven by passive fund inflows, while stocks at risk of exclusion may face selling pressure.
The FTSE and Bursa Malaysia are scheduled to release the preliminary results of the KLCI review on Dec 3, 2025, via a technical notice, one day ahead of the official announcement on Dec 4, 2025.
CIMB Securities said any changes to the index constituents would take effect on Dec 24, 2025.
Since the last review, YTL Corporation Bhd, YTL Power International Bhd, and Axiata Group Bhd have recorded the largest increases in market cap among KLCI constituents. Conversely, Sime Darby, PPB Group Bhd, and RHB Bank Bhd have registered the most significant declines.
As of June 30, 2025, the financial services sector accounted for the largest weighting in the KLCI at 41.1 per cent, followed by the utilities sector at 17.6 per cent, and the telecommunications sector at 9.8 per cent.
